Take the Good with the Bad in Business

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In my normal daily routine, I awoke to the dog scratching my bedside anxious to go for his early morning exercise. In the process of getting him and I ready for our half hour trek into the morning chill I turned the coffee pot on and let that brew while I was out so it would be ready by the time we returned.

A half hour later we returned, I poured my coffee and as I often do I sat at the kitchen table reading one of my favorite business magazines. I was particularly intrigued with an article in regards to how failure is actually a good thing when it comes to business. In my own business experiences I have failed so I proceeded to read on as to see how what the author was describing directly correlates to my situations that I encountered.

As I concluded the article talked about parallels to my own business and probably yours, ones of finding the positives out of the negatives, meeting a new person in bad business ventures and why a person who has failed is stronger than one who has not.

Take the first point of pulling the positives out of the negatives. It is invariably easier to get down on yourself and say, "oh why did this happen to me", or "I can't believe it didn't work out." However we need to focus in on the positives here. Write down the reasons the venture failed. Did it fail because of, lack of funding, a bad business partner, not enough research up front or you provided a business or service that people did not want?

All issues that are very fixable when you can clearly see what the issues are to begin with. As I have found in business, regardless of how bad a business venture goes, you will find one or more people that are wonderful human beings, great mentors and/or excellent business people. I recently built a property to flip and sell. However the project took a long time to complete, as we hired people who weren't right for the job or we hit government road blocks with certain regulations. By the time the property was complete the real estate market tanked and I had to take a huge hit on it. Ok, lesson learned.

But along the way I met some really good people. One's that helped steer me in the right direction and others who worked hard to get the job done in a timely fashion and on budget. To this day I am still friends with these people and when the situation exists, I call upon them for help. I can almost guarantee that you know many of the same that I do.

A person who fails is stronger because they now know what doesn't work! Yes a little backwards in the way of thinking but you now have found an avenue in your business that hits unnecessary roadblocks or walls that will either cost you too much time, money or both. Failure is a part of life, whether it is in business or your daily routine. Those that are able to use that failure to their advantage and learn what to do because of it, are those that rise above and succeed.

About the Author
Bruce Tucker is a contributing writer to Indocquent, an online advertising and social networking medium where you can promote your business, products and services for sale and hire throughout the world without pay-per-click prices or auction fees.

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Published By: Indocquent.com- An online resource where you can promote your business, products and services around the world.